Downtown home values
Downtown at a glance
- Downtown shares ZIP-level data with nearby ZIPs in Jersey City: median value $547,064, median rent $1,909/month.
Downtown home value score
from local value, rent & income
In nearby ZIPs in Jersey City, prices are high relative to rents (a low gross yield), and homes are expensive against local incomes.
How the Value Score is built
Computed figures
A transparent value snapshot — this ZIP has no ACS figures yet, so it uses nearby ZIPs in Jersey City (U.S. Census ACS 2023): home value, gross rent and household income. It is not a market-timing or appreciation forecast.
What it costs to buy a home in Downtown
At the typical value of $547,064, a buyer putting 20% down ($109,413) and financing the rest at 6.5% over 30 years would pay about $2,766 a month in principal and interest — 35% of the median household income here. That is above the common 28% guideline but under 36%, so budgets are stretched but workable for a median earner. The median rent is $1,909/month, so owning costs roughly 45% more per month than renting, before taxes, insurance and upkeep — the trade-off is building equity.
Estimate only: excludes property tax, insurance, HOA and PMI, which vary by property. Incomes and rents are the latest Census (ACS 2023) figures. Run your own numbers in the estimator below.
What this means for buyers, sellers and investors in Downtown
Buyers
At 5.8× local income, this is a premium market; expect competition for the few homes at the lower end of the range.
Sellers
Typical values here are 61% above the U.S. median; get a home-specific estimate before you list — condition and size move the number more than the area average.
Investors
A gross rental yield of 4.2% is low — this is an appreciation play rather than a cash-flow market.
Other neighborhoods in Jersey City
| Name | Home value | 1-yr | Income | Rent | Price / income |
|---|---|---|---|---|---|
| Bergen-Lafayette ZIP 07306 · shared | $503K | −3.7% | $76K | $1,619 | 6.6× |
| Boyle Plaza city data | — | — | — | — | — |
| Communipaw ZIP 07306 · shared | $503K | −3.7% | $76K | $1,619 | 6.6× |
| Country Village city data | — | — | — | — | — |
| Croxton ZIP 07306 · shared | $503K | −3.7% | $76K | $1,619 | 6.6× |
| Downtown city data | — | — | — | — | — |
| Droyer's Point city data | — | — | — | — | — |
| Exchange Place city data | — | — | — | — | — |
| Greenville ZIP 07305 · shared | $418K | −1.4% | $77K | $1,610 | 5.4× |
| Hackensack River Waterfront | $432K | +2.0% | $83K | $1,649 | 5.2× |
| Hamilton Park | $854K | −0.2% | $167K | $2,960 | 5.1× |
| Harsimus Cove city data | — | — | — | — | — |
| Historic Downtown city data | — | — | — | — | — |
| Journal Square ZIP 07306 · shared | $503K | −3.7% | $76K | $1,619 | 6.6× |
| Marion ZIP 07306 · shared | $503K | −3.7% | $76K | $1,619 | 6.6× |
| McGinley Square ZIP 07306 · shared | $503K | −3.7% | $76K | $1,619 | 6.6× |
| Newport | $880K | +14.7% | $173K | $3,456 | 5.1× |
| Paulus Hook city data | — | — | — | — | — |
| The Heights city data | — | — | — | — | — |
| The Village city data | — | — | — | — | — |
| West Side ZIP 07305 · shared | $418K | −1.4% | $77K | $1,610 | 5.4× |
Home value, income and rent: Census ACS medians; 1-yr: Zillow ZHVI change over 12 months. Tap a column heading to sort.
What’s your Downtown home worth?
Estimates are informational only and are not an appraisal.
About this data
Data last updated: September 2026.
Current values and trends use the Zillow Home Value Index (ZHVI) — the typical value of mid-tier homes, smoothed and seasonally adjusted — through Aug 2026. It is refreshed monthly.
Median values, incomes, rents, housing stock and commutes come from the U.S. Census Bureau’s American Community Survey (ACS) 5-year estimates at ZIP Code Tabulation Area level. City and state figures are population-weighted averages of their ZIPs.
The Value Score (0–10) blends gross rental yield and price-to-income affordability. It is a value snapshot, not a forecast.
Mortgage figures assume 20% down and a 6.5% fixed 30-year loan, principal and interest only.
These are area-level statistics, not an appraisal of any individual property, and not financial advice.
Sources: U.S. Census ACS · Zillow ZHVI.